MM IV Operational Management

Operations management (OM) is the

administration of business practices to create the

highest level of efficiency possible within an

organization.

• True

• False

Operations management teams

attempt to balance costs with revenue to achieve

the highest net _________ possible.

• Income

• Tax

• Operating profit

• Loss

It is a formula to determine when and how

large of an inventory order to process and how

much inventory to hold on hand.

• Operation Management Inventory

• Economic Order Quantity

• Strategic Computation

• Total Quality Quantity

It is a systematic

elimination of waste within the manufacturing

process.

• Raw Manufacturing

• Quality Manufacturing

• Lean Manufacturing

• Business Manufacturing

Which is not true about Six Sigma?

• Six Sigma is an approach

  that focuses on quantity.

• The word "six" references

  the control limits, which are placed at six standard

  deviations from the normal distribution mean.

• Tools

  used within the Six Sigma process include trending

  charts, potential defect calculations.

It is focused on analyzing

and designing workflow and business processes

within a company.

• Business Process Redesign

• Reconfigurable manufacturing

  systems

• Six Sigma

• Lean Manufacturing

It goal is to help

companies dramatically restructure the

organization by designing the business process

from the ground up.

• Business Process Redesign

• Reconfigurable manufacturing

  systems,

• Six Sigma

• Lean Manufacturing

It is designed to

incorporate accelerated change in structure,

hardware, and software components.

• Business Process Redesign

• Reconfigurable manufacturing

  systems,

• Six Sigma

• Lean Manufacturing

It allows systems to adjust rapidly to the capacity

to which they can continue production and how

efficiently they function in response to market.

• Business process redesign

• Reconfigurable

  manufacturing systems

• Six Sigma

• Lean Manufacturing

It is an approach

that focuses on quality.

• Business process redesign

• Reconfigurable

  manufacturing systems

• Six Sigma

• Lean Manufacturing